Business Segment Information (Tables)

12 Months Ended

Sep. 28, 2018

Segment Reporting [Abstract]

Business Segment Information for Continuing Operations

Details of the Company’s operations by business segment for the last three fiscal years were as follows:

In Thousands	2018			2017			2016
Sales
Avionics & Controls	$	861,543		$	840,777		$	861,636
Sensors & Systems		766,065			724,373			695,712
Advanced Materials		407,231			435,154			436,105
	$	2,034,839		$	2,000,304		$	1,993,453
Earnings from Continuing Operations
Avionics & Controls	$	103,883		$	91,040		$	80,521
Sensors & Systems		85,214			86,902			82,466
Advanced Materials		71,298			73,891			74,515
Segment Earnings		260,395			251,833			237,502
Corporate expense		(77,816	)		(68,758	)		(71,753	)
Interest income		1,912			527			367
Interest expense		(30,915	)		(30,208	)		(30,091	)
	$	153,576		$	153,394		$	136,025

In Thousands	2018		2017		2016
Capital Expenditures
Avionics & Controls	$	9,805	$	19,315	$	36,423
Sensors & Systems 1		24,264		22,804		14,319
Advanced Materials 2		18,452		14,247		15,868
Corporate		771		1,674		1,862
	$	53,292	$	58,040	$	68,472
Depreciation and Amortization
Avionics & Controls	$	41,668	$	40,853	$	38,909
Sensors & Systems		44,681		41,722		40,399
Advanced Materials		17,625		18,559		18,691
Discontinued Operations		-		-		12
Corporate		2,750		2,636		2,247
	$	106,724	$	103,770	$	100,258
In Thousands	2018		2017		2016
Identifiable Assets
Avionics & Controls	$	1,346,689	$	1,382,176	$	1,302,441
Sensors & Systems		1,131,842		1,139,676		1,140,017
Advanced Materials		455,263		504,965		498,442
Discontinued Operations		6,950		21,192		29,488
Corporate 3		96,173		72,004		59,002
	$	3,036,917	$	3,120,013	$	3,029,390

¹ Excludes capital expenditures accounted for as a capitalized lease obligation of $0.5 million and $8.0 million in fiscal 2017 and 2016, respectively.

² Excludes capital expenditures accounted for as a capitalized lease obligation of $0.1 million, $3.5 million and $3.3 million in fiscal 2018, 2017 and 2016, respectively.

³ Primarily cash and deferred tax assets (see Note 10).

Revenue from External Customers Attributed to Foreign Countries by Geographic Area

The Company’s operations by geographic area for the last three fiscal years were as follows:

In Thousands	2018			2017			2016
Sales 1
Domestic
Unaffiliated customers - U.S.	$	813,732		$	824,796		$	837,939
Unaffiliated customers - export		187,695			199,494			172,209
Intercompany		35,543			55,338			77,472
		1,036,970			1,079,628			1,087,620
Canada
Unaffiliated customers		188,572			181,778			183,832
Intercompany		6,063			8,449			3,378
		194,635			190,227			187,210
France
Unaffiliated customers		448,709			413,641			398,909
Intercompany		70,988			56,824			51,461
		519,697			470,465			450,370
United Kingdom
Unaffiliated customers		221,567			212,825			237,134
Intercompany		29,127			24,969			25,100
		250,694			237,794			262,234
All other Foreign
Unaffiliated customers		174,564			167,770			163,430
Intercompany		187,749			185,192			167,565
		362,313			352,962			330,995
Eliminations		(329,470	)		(330,772	)		(324,976	)
	$	2,034,839		$	2,000,304		$	1,993,453

In Thousands	2018		2017		2016
Segment Earnings 2
Domestic	$	127,173	$	118,648	$	130,440
Canada		37,014		26,521		8,659
France		62,474		63,633		61,121
United Kingdom		20,761		22,950		25,646
All other foreign		12,973		20,081		11,636
	$	260,395	$	251,833	$	237,502
	2018		2017		2016
Identifiable Assets 3
Domestic	$	979,917	$	1,049,747	$	1,055,021
Canada		507,687		499,418		450,047
France		752,856		753,854		770,593
United Kingdom		379,292		405,423		394,811
All other foreign		320,992		339,567		299,916
	$	2,940,744	$	3,048,009	$	2,970,388

¹ Based on country from which the sale originated and the sale was recorded.

² Before corporate expense, shown on page 80.

³ Excludes corporate, shown on page 80.

Product Lines Contributing Sales of Ten Percent or More

Product lines contributing sales of 10% or more of total sales in any of the last three fiscal years were as follows:

	2018	2017	2016
Connectors	17%	16%	16%
Avionics	16%	16%	16%